Endava (NYSE:DAVA) Sets New 1-Year High at $46.73

Shares of Endava PLC – (NYSE:DAVA) hit a new 52-week high on Monday . The company traded as high as $46.73 and last traded at $46.48, with a volume of 2168 shares trading hands. The stock had previously closed at $45.97.

DAVA has been the topic of a number of research reports. Zacks Investment Research raised Endava from a “sell” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday. Cantor Fitzgerald increased their price objective on Endava from $39.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Citigroup increased their price objective on Endava from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Deutsche Bank increased their price objective on Endava from $36.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, September 26th. Finally, Needham & Company LLC increased their price objective on Endava from $46.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $44.78.

The business has a fifty day moving average price of $41.40 and a two-hundred day moving average price of $38.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.43 and a quick ratio of 2.43. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 46.31, a price-to-earnings-growth ratio of 2.54 and a beta of 0.77.

Endava (NYSE:DAVA) last posted its earnings results on Wednesday, September 25th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The firm had revenue of $98.49 million for the quarter, compared to analyst estimates of $95.66 million. Endava had a return on equity of 28.69% and a net margin of 11.93%. On average, research analysts predict that Endava PLC – will post 0.91 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. acquired a new stake in Endava during the second quarter worth about $46,000. Pendal Group Ltd grew its holdings in Endava by 11.4% during the second quarter. Pendal Group Ltd now owns 19,566 shares of the company’s stock worth $787,000 after acquiring an additional 2,000 shares during the period. Northern Trust Corp grew its holdings in Endava by 46.6% during the second quarter. Northern Trust Corp now owns 7,383 shares of the company’s stock worth $297,000 after acquiring an additional 2,348 shares during the period. Flinton Capital Management LLC grew its holdings in Endava by 6.8% during the second quarter. Flinton Capital Management LLC now owns 44,688 shares of the company’s stock worth $1,798,000 after acquiring an additional 2,832 shares during the period. Finally, Meadow Creek Investment Management LLC grew its holdings in Endava by 6.8% during the second quarter. Meadow Creek Investment Management LLC now owns 61,446 shares of the company’s stock worth $2,473,000 after acquiring an additional 3,894 shares during the period. 27.86% of the stock is currently owned by hedge funds and other institutional investors.

Endava Company Profile (NYSE:DAVA)

Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.

See Also: The role of implied volatility with call option volume

Receive News & Ratings for Endava Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endava and related companies with MarketBeat.com's FREE daily email newsletter.